Apple is working on a new feature that will allow businesses to accept payments on their iPhones without extra hardware, Bloomberg reported on Thursday, citing sources.
Small businesses, like cafes or flower shops, that don’t use traditional payment terminals but use their Apple smartphones as such, currently require external hardware to accept payments, such as Square’s.
This may no longer be the case. Apple has reportedly been working on a new feature that would let its smartphones accept payments with the tap of a credit card since around 2020, when the company acquired a Canadian startup called Mobeewave.